Contracts in Progress (Tables)

3 Months Ended

Mar. 31, 2022

Revenue from Contract with Customer [Abstract]

Schedule of Cost and Billings on Uncompleted Construction Type Long Term Contracts or Programs

Costs and billings on uncompleted construction-type contracts consist of the following (in millions):

	Successor
	March 31, 2022		December 31, 2021
Costs incurred on contracts (from inception to completion)	$	193.4	$	199.4
Estimated earnings	122.5		125.5
Contracts in progress	315.9		324.9
Less: billings to date	(267.3)		(281.8)
	$	48.6	$	43.1

Schedule of Costs in Excess of Billings and Billings in Excess of Costs on Uncompleted Contracts

The carrying amounts related to uncompleted construction-type contracts are included in the accompanying Condensed Consolidated Balance Sheets under the following captions (in millions):

	Successor
	March 31, 2022		December 31, 2021
Costs and estimated earnings in excess of billings on uncompleted contracts – current	$	60.7	$	56.3
Costs and estimated earnings in excess of billings on uncompleted contracts – non-current (1)	6.3		6.5
Billings in excess of costs and estimated earnings on uncompleted contracts – current (2)	(16.2)		(17.6)
Billings in excess of costs and estimated earnings on uncompleted contracts – non-current (3)	(2.2)		(2.1)
	$	48.6	$	43.1

(1)Included in other assets within the Condensed Consolidated Balance Sheets.

(2)Included in deferred contract revenue – current within the Condensed Consolidated Balance Sheets.

(3)Included in other liabilities within the Condensed Consolidated Balance Sheets.